Palantir Technologies Inc

PLTR remains in a Lockout Rally continuation driven by short covering, but the Bullish Exhaustion pattern signals waning upside momentum. Price is testing the 20-day EMA and shallow pullbacks toward the 50-day SMA would be healthy within the ongoing uptrend. A sustained reclaim above recent highs would negate exhaustion, while a drop below EMAs could deepen the correction. We favor buying now on pullbacks into the rising EMA zone, monitoring volume and RSI for confirmation.

• ↑Q2 revenue hit $2.132 B (+93% YoY; U.S. growth +115%).
• ↑Net dollar retention rose to 157% (+75%), boosting client expansion.
• ↓Negative earnings yield implies overvaluation and correction risk.